Read our Profitrop review to see if we recommend this broker for trading. Just to clear doubts, this is a profitrop.com review.
Is Profitrop Legit?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are infamous for scamming schemes.
So, Profitrop is just another unregulated forex broker, which means the customers aren’t protected, and there is highly likely they will get away with your hard-earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does the scam work?
Usually, unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit. And they will try any conceivable method in order to make that happen. They will offer deals that sound too good to be true. Like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, they transfer clients to a smarter scammer, called a “retention agent”, who will try to get more money out of you. Also, one thing we need to add here is: don’t trust the good Profitrop reviews you might see online. They pay websites and services to improve their online reputation by posting good reviews about them.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It doesn’t matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back Profitrop?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all, you need to keep the emails as proof that you have been requesting the money back from them but they don’t give it to you. Or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how they deceived you into depositing money for a non-regulated trading company. Mention also that they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact [email protected] but don’t let your broker know they you read this article or that you are contacting us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on where you live, you can search google to find the regulatory agency for Forex brokers in your country. After that you can prepare a letter or an email describing how they deceived you. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you don’t know where to start, reach us at [email protected] and we’ll help you with this step as well.
Make sure you leave Profitrop reviews in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites. See what other sites have posted reviews about Profitrop, and describe shortly what happened. If you fallen victim, please leave a review and a comment on this site at the comment section. Also, when these people change their website, they tend to call the old clients. So, if they call you from a new website, mention it in the comment or let us know about it. That would be really appreciated by us by our users. Also, if you get phone calls from other companies, please put the name of these companies also in the comment. Or you can send them to us and we will expose them too.
Profitrop Review Conclusions
Making the Profitrop review was our pleasure, and we hope to save as many people from losing their hard-earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Profitrop review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade, please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
It’s all scams and you loose all money never come
back to you. They asked more money into the account. So difficult to money back.
(1/5)
You loose all your money and no return.
They ask you to put big money and so difficult to withdraw the money.
So many calls. You should not answer them.
(1/5)
Nie polecam oszuści to są tylko coś dla pana Bartosza K. Do stałem od niego maila żebym recenzje napisał o nim o to jego słowa: napisz coś o mnie w tej recenzji, pośmieje się z kolegami))) czyli widać jak podchodzą do sprawy z wypłatami ja się pośmieje z nich teraz jak prokuratura dobierze się im do dupy pozdrawiam panie Bartoszu z profitrop.com
(1/5)
How to get rid of them? They are scamming, they are calling non stop all day long, they are rude, impolite, using pushing technics. How to close an account on profitrop?
Profitrop is a SCAM!!!
This is the classic Forex/bitcoin SCAM.
I really hope you are reading this before you sink any of your hard earned money into this criminal and fraudulent organization.
These criminals are very slick, they use AI generated celebrity endorsements, and fake reviews and forex trading training simulators. I am sure these are simulators because a) Training simulators can easily be found with a simple google search and b) the profits on the simulators are very unrealistic.
The reviews are probably made by a team of basement dwellers or the “Financial Advisors”. This fools Reddit and Trust Pilot who basically gather reviews and based on what they see they give them a rating. About as useful as BBB. Sadly I thought I did my research before investing and felt pretty good about this “investment plant form”.
All the flags are there.
– They immediately present you with an “opportunity” by “crediting” your account with $75,000 to start trading with. Don’t take the deal.
– The way they deposit your hard earned money goes through a series of exchanging into bitcoin and “this is “credited against the $75,000 they insist you owe them.
– The lack of ANY proper documentation.
– The aggressive nature of how they deal with you is akin to dealing with the Mafia.
– As the person in the previous review mentioned they will push you to making loans from all the “desperate high interest” loan sharks.
-Probably the biggest flag is that they are not a regulated site. This means you have no protection. They will tell you that it costs $3,000,000 a year to get a licence and they say it is not needed.
In conclusion I will not say how much I lost but it was painful.
Before I lost the maximum amount I said that I wanted proof that they were legitimate and refused to go all in. I said the only way to prove they could be trusted was for them to return 60% of what I invested, and got me to see those funds into my bank account.
They agreed and set up a wallet bitcoin (another shady bitcoin platform) they showed me a credit so I could deposit but they refused to clear the funds and those funds never made it to my account. These criminals will use every truck you can imagine and more to swindle you of your hard earned money.
I am fortunate that this wasn’t my life savings, that this wasn’t my retirement funds. It is sad to think of how many seniors will have a reduced or even destroyed retirement, the people who commit suicide over the humiliation and embarrassment, and the marriages that will be destroyed.
File your fraud report with your local police and pray that one day Interpol catches these criminals.
PS,
The sites that claim they can get you your money back is also a SCAM!!
Luckily I did my research and discovered that scam is to say they need money for an international lawyer, and they send you some fake documents. Probably the same organization.
Bottom line, your money is GONE, lick your wounds, lesson learned.
I hope this saves at least one person from getting involved with these criminals.
(1/5)
You lose all your money and no return.
These are the people involved Christian Miller, Andrea Evans, Leo Cohen.
The financial Advisor comes with a lot of things for not refunding.
Totally scammer
potwierdzam wypowiedzi innych użytkowników złodzieje i tyle nigdy nie wypłacają środków i zarobionych pieniędzy dzwonią cały czas z numerów ja oddzwonisz to jakaś kwiaciarnia albo osoba prywatna podszywają się pod różne numery bo pewnie swojego legalnego nie posiadają tajemnica żeby byli ukryci i nie odpowiedzieli przed prawem ścigać takich złodziei do ostatnich dni ich życia nie wchodżcie z nimi w żadne układy okradną was
Profitrop namówił mnie na inwestowanie!
Pani Halinko, ślicznie dziękuję za pozostawienie namiarów na mecenasow – ,.69,.67,.18,.446..,, . Profi Trop niestety też nie chce wypłacić moich pieniążków. Nie jest tego tak dużo jak u Ciebie, bo około 6 tysięcy euro. Jednak, dla mnie i mojej rodziny to bardzo dużo. Dziś od rana już rozmawiałam z panem mecenasem. Wszystko popołudniu będę mu wysyłała i zobaczy czy może też dla mnie coś zrobić, cokolwiek pomóc.
Moim analitykiem był Pan Majer, namówił mnie na szybkie przelewy przez binance a później jeszcze żebym ten duży podatek zapłaciła, a pieniążków nie wypłacił. Wił się jak węgorz, twierdząc że moje 23 tysiące dolarów jest już w drodze i mam być spokojna, ale ja już wiem wszystko !!
(1/5)
They are scammers, no doubt about it! Luckily I was smart (or stupid) enough to invest $250 only. They were calling me every day, explaining the market and trying to make me to invest more. Promising big profits without the risk! They even said they’ll take the risk! When I told them that I am broke, they suggested I take a loan from the bank. I’ve refused. They offered a credit from them ($10 000) and so after I’d see the profits we’ve made, I’ll take the loan from the bank and I wire it to them. I refused, because the whole thing started looking too suspicious. I wanted to close account and get my money back. That was the day they started calling me names on the phone. Now they refuse to pay back because I have closed a few positions negative, even though my profits were much higher than lose. I have cleared all the positions on my account, but now I see they have placed the new ones themselves! They are trading in my name with my money! I don’t know how is this going to end, but I don’t think my investment is coming back to me, together with some money I’ve made while trading.
(1/5)
Profitrop is a true scam. They do not allow funds to be withdrawn. They use the excuse that taxes must be paid on profits before any withdrawal; even original taxes paid investment funds. They get nasty and threatening when they are questioned and asked to verify in writing the protocol and authority to collect taxes.
(1/5)
Scammers 100% been requesting withdraw for over a month no reply leaving comments on line chats and emailing so called advisors no reply keeps ringing to open trades cause it’s frozen more lies now wants me to pay brokerage fees then I can withdraw low life scums every excuse not to let me withdraw getting really angry and won’t listen scam scam scam
(1/5)
Im put fiorst minimum deposit 250 USD,finnaly per two months return money 258 USD,and him phone to my and say you take more money when you investing,and just block my account,in account left 530 USD my proffit,many times tryed take money!!!! No chanse!!!! Just block my and dont phone to my any more,,SCAM,